P2P & marketplace lending (56 items)

A report by research teams from Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School at Shenzhen and the Australian Centre for Financial Studies at Monash Business School shows Australia’s alternative finance market grew by 53 per cent in 2016 . read more

China's largest peer-to-peer (P2P) lending platform — Hongling Capital — plans to get out of the online lending business within three years, citing a poor track record of people repaying loans. read more

The corporate watchdog has highlighted conflicts of interest in the marketplace lending industry that may need to be managed better.The Australian Securities and Investments Commission on Friday released the results of a select survey of the sector, revealing a market still in the early stages of development. ASIC's aggregate data on lending by the sector may look low, however.ASIC said it was interested in how the industry was handling a range of conflicts, highlighting an odd theme for a business sector that relies on lending money and getting it paid back, with interest. read more

The banking industry today qualified for a preview of top level talking points regarding in the government's budget, released tomorrow night, all aimed more to pacify the politics around the industry than engage. read more

Peer-to-peer lenders' lower cost structure and rapid decision-making on loans is just one of several emerging threats for the banking sector to deal with, according to Pete Steel, CBA's executive general manager of digital. read more

Shayne Elliott, ANZ's chief executive officer, has been executing a strategy to simplify the banking group's business over the past year or so. Now he has floated the concept that ANZ could become "a 200-year-old start-up". read more